Soochow Securities redeems commercial paper, approves share placement plan

Soochow Securities Co., Ltd. announced the successful redemption of its 2025 third tranche of short-term commercial papers. Issued on May 28, 2025, for a total of RMB 1 billion at an interest rate of 1.69% over 140 days, the redemption was completed on October 15, 2025. The total principal and interest paid amounted to RMB 1,006,482,191.78.

Concurrently, the company held its first extraordinary general meeting of shareholders for 2025 on October 16, 2025, where all proposed resolutions were passed. These resolutions primarily concerned the private placement of A-shares, including eligibility criteria, the overall share issuance plan, terms, pricing, subscription methods, and the use of proceeds. Key proposals, such as the issuance of shares, pricing, and the use of raised capital, received overwhelming approval.

The meeting also approved proposals related to the company’s three-year (2025-2027) shareholder return plan and authorized the board of directors to handle relevant matters concerning the A-share private placement. All resolutions were approved by more than two-thirds of the effective voting rights held by shareholders or their representatives present at the meeting.